| More than a decade of inflation and disinflation followed in the major developed countries and many developing countries. |
| There are also several specific types of price fluctuations in the economy, such as disinflation, reflation and stagflation. |
| The real problem for most companies today is disinflation, or a slowdown in the rate of price hikes. |
| Real wages have declined, and disinflation is continuing with the support of currency appreciation. |
| Backtracking on past fiscal achievements would conflict with other policy objectives, in particular the pursuit of disinflation. |
| First, the literature suggests that we should not expect accelerating disinflation in the presence of large output gaps. |
